Australia Securities & Investment Commission

Year 1998Regulated by Government

The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

Disclose broker

Danger Unauthorized

IQ Option LTD

Disclosure summary

Disclosure matching Website matching
Disclosure time 2016-06-09
Reason for punishment these entities are marketing their services to Australians and are misleading Australian investors into believing they are operating lawfully under Australian regulation.

Disclosure details

investor alert list 16-189MR ASIC warns investors about dealing with GOptions, Porterfinance, Boss Capital, MaxOptions, Bloombex Options, Citrades, RBoptions and OptionsXO

Thursday 9 June 2016 16-189MR ASIC warns investors about dealing with GOptions, Porterfinance, Boss Capital, MaxOptions, Bloombex Options, Citrades, RBoptions and OptionsXO ASIC warns the public about the conduct of the following entities: Name Address Website Go Trading Technologies Ltd (trading as GOptions) "GOptions" 3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica http://www.goptions.com/ Oracle Stone Limited (trading as Porter Finance) "Porter Finance" 20-22 Wenlock Road, England N1 7GU https://porterfinance.com/ Cheshire Capital Ltd (trading as Boss Capital) "Boss Capital" Cavell House Stannard Place, Crispins Rd, Norwish, NR3 1YE, UK https://www.bosscapital.com/ Changecapital SM Ltd (trading as Max Options) "Max Options" Kemp House, 152-160 City Road, London, EC1V 2NX https://www.maxoptions.com/ Bloombex Ltd (trading as Bloombex Options) "Bloombex Options" 3rd floor C & H Towers, Corner of Great Marlborough and Great George Streets, Roseau, Commonwealth of Dominica http://bloombex-options.com/ CIT investments Ltd (trading as Citrades) "Citrades" Ajeltake Road, 96960, Majuro, Marshall islands https://www.citrades.com/ Zulutoys Limited (trading as RBoptions) "RBoptions" Ajeltake Road Ajeltake Island Majuro, MH96960 Marshall Islands http://www.rboptions.com/ Omni Capital Ltd/Omni Global Solutions SRL (trading as OptionsXO) "OptionsXO" Omni Capital Ltd. Ajeltake Road, Ajeltake Island, Majuro MH96960 Marshall Islands Omni Global Solutions SRL Bucharest, Third sector, 17 BABA NOVAC street, Romania https://www.optionsxo.com/ All of these entities operate websites that offer binary option trading services but none of them are appropriately licensed or authorised to provide these types of services in Australia. ASIC is concerned that these entities are marketing their services to Australians and are misleading Australian investors into believing they are operating lawfully under Australian regulation. Each website allows for persons, including those based in Australia, to sign up for live trading accounts. ASIC is satisfied that persons based in Australia are likely to suffer detriment as a result of being misled as to the regulatory status of these entities. Australians should avoid dealing with any of these entities until they are appropriately licensed or authorised to operate in Australia. ASIC has made numerous unsuccessful attempts to contact the entities that are the subject of this public warning. ASIC is satisfied that it is in the public interest to warn the public about the conduct of these entities. This media release is a notice issued under subsection 12GLC(1) of the Australian Securities and Investments Commission Act 2001.

Annex

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More regulatory disclosure

Sanction

2018-02-13

18-036MR ASIC obtains interim injunctions and warns investors against AGM Markets, OT Markets and Ozifin (Trade Financial)